Babcock & Wilcox Reports Q3 Revenue Beat Amid EPS Miss and New EBITDA Guidance
Babcock & Wilcox Enterprises (BW) reported third-quarter financial results characterized by a significant surge in revenue, which reached $290.8 million—a 108.9% increase year-over-year and a beat of $64.35 million against expectations. However, the company missed its GAAP earnings per share (EPS) target, reporting $0.02 compared to an expected $0.03. Despite the EPS miss, market sentiment appears bolstered by long-term growth indicators. The company issued a full-year 2027 Adjusted EBITDA target range of $125 million to $140 million and has seen positive momentum from potential data center projects and equipment orders from Siemens. Shares responded positively to these developments, rising 8%.
Topics: earnings miss guidance revenue beat stock price movement